In the past one month, the SBI ELSS Tax Saver Fund Direct Growth has emerged as the leader in net AUM growth, witnessing an impressive addition of ₹147.55 crore. This positions it as one of the top-performing Elss Tax Savings mutual funds in terms of investor interest and fund growth.
Over the last month, Kotak Mahindra Bank Ltd has been added to the portfolios of 29 out of 42 Elss Tax Savings mutual funds. This signals growing confidence in the stock’s long-term growth prospects among Elss Tax Savings fund managers.
In contrast, Cipla Ltd has been sold by 12 of 42 Elss Tax Savings mutual funds in the last one month. This shift underscores a cautious approach by fund managers toward the stock, reflecting changing market dynamics.
Over the last 6 months, Elss Tax Savings category has seen increased allocation towards Tech, Financial Services, Communication sectors and allocation in Health, Consumer Defensive, Industrial sectors has decreased
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